REC Group secures 45MW of module orders for Indian rooftop solar projects

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

REC Group has secured orders for 45MW of solar modules to be installed at rooftop PV projects under the RESCO rooftop model in India, where the developer leases the rooftop system to the rooftop owner.

The orders from Indian companies Cleanmax Solar (16MW rooftop), Fourth Partner Energy (22MW open access) and SunSource (7MW rooftop) all came in June and July.

Nearly 40MW of the modules supplied will be REC’s TwinPeak 2S 72 Series, which include half-cut PERC cells and a twin-panel design that the company claims performs better under shaded conditions.

Rohit Kumar, head of India Subcontinent for REC, told PV Tech that out of 145MW supplied to India last year by REC Group, 60MW was in the rooftop space and 85MW in ground-mount. This year the company will have supplied 100MW by the end of the September out of which 70MW will be for rooftop projects.

Kumar added: “This year the sales are shifting towards rooftop so far, but all it takes is one utility to shift the balance and that changes quarter to quarter.”

Nonetheless he noted that the RESCO model is coming more into consideration in India, with the larger players signing more PPAs.

“The Indian market today is highly fragmented,” he added. “There's hundreds of players but consolidation is primarily happening at the RESCO level with Fourth Partner, CleanMax and another couple of companies leading the way.”

REC Group has headquarters in Norway and operational headquarters in Singapore.

Read Next

PV Tech Premium
April 8, 2021
After a challenging year, India’s solar sector stands primed for something of a rebound. But a host of familiar issues, from the perilous state of DISCOMs to regulatory uncertainty, run the risk of stymying future growth. Vinay Rustagi, managing director at consultancy Bridge to India, talks to PV Tech about the future prospects for Indian solar.
April 8, 2021
Tata Power Solar has expanded its PV manufacturing facility in Bengaluru, India, taking the total production capacity of modules and cells to 1.1GW.
April 7, 2021
A round-up of the latest news from the US and Canada, including updates from distributor and developer BayWa r.e., construction group iSun and tracker specialist Arctech.
April 1, 2021
Norwegian independent power producer Scatec is looking to collaborate with project developers in India as part of efforts to gain a foothold in the country’s burgeoning solar sector.
PV Tech Premium
March 26, 2021
Solar developers have welcomed clarification on India’s new import duties for modules and cells that will come into effect next year, but questions have been raised about the ability of domestic manufacturers to ramp up production to meet rising demand.
March 23, 2021
Scatec has unveiled a NOK 100 billion (US$11.7 billion) plan that will see the company expand its renewables portfolio to 15GW over the next four years.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021